Thu Sep 26 12:55:50 UTC 2024: ## HSBC Boosts UK ETF Investment, Other Funds Follow Suit

**New York, NY** – HSBC Holdings PLC increased its stake in the iShares MSCI United Kingdom ETF (EWU) by 30.9% in the second quarter of 2024, according to a recent Form 13F filing. The institutional investor now owns 85,290 shares of the ETF, worth approximately $2,975,000.

HSBC’s move reflects a growing interest in the UK market, as several other hedge funds have also adjusted their holdings of EWU. Cambridge Investment Research Advisors Inc. increased its stake by 15.0%, Partners Capital Investment Group LLP by 32.2%, and Morningstar Investment Services LLC by a significant 95.2%. New investor Optiver Holding B.V. also entered the market with a new position valued at $4,225,000.

EWU, launched in 1996 and managed by BlackRock, tracks the MSCI United Kingdom index, representing the top 85% of British companies by market capitalization. The ETF opened at $37.29 on Thursday, with a market cap of $2.91 billion.

“The increased interest from hedge funds and institutional investors indicates a growing confidence in the UK market,” said an analyst at MarketBeat. “This could be driven by a number of factors, including the recent economic recovery and the potential for long-term growth in the region.”

While EWU saw a slight increase in its stock price, the fund has a 1-year low of $30.14 and a 1-year high of $37.68. Further information on EWU holdings and insider trades is available on HoldingsChannel.com.

Read More